On March 26, 2013, BTC weekly chart showed a bottom divergence, about to face an upward breakthrough, how to grasp the next steps?
The big coin’s weekly MACD bottom divergence has been in narrow fluctuations for 35 days, currently facing around 74,000 resistance. Once it breaks through, there may be a chance to reach around 80,000 first. Ethereum's weekly chart also shows bottom divergence, approaching the resistance level and facing a breakthrough.
In the US stock market, a few months ago, I had been reminding about high-level fluctuations, with high points not widening the gap, indicating a future correction. Since late January, it has been in a declining trend, and currently, the risk of falling is still relatively high. Gold and silver have been in narrow fluctuations since January 30 after experiencing historic declines, and here it is increasingly likely to be near a phase top as I have been saying.
Big Coin
The daily chart of the big coin shows the Bollinger Bands opening, currently facing resistance near 74,000. If it breaks through, there may be a chance to reach around 80,000 or even higher, but one must guard against false breakouts, similar to the previous decline from 98,000.
The daily MACD histogram shows an airborne fueling trend, with the fast and slow lines continuously moving upward. There are two pressure points above, one at 78,900 and another at 84,300, temporarily focusing on short-term rebounds.
Support: 68,500—71,300
Resistance: 78,900—84,300
Ethereum
As of the time of writing, Ethereum has reached 2,200, which is also the pressure level maintaining the narrow range for 35 days. Currently, the probability of a breakthrough still seems high. The daily MACD has been above the zero axis, and after a correction, there are signs of increasing momentum, with the fast and slow lines continuing upward.
Resistance levels for continued upward rebounds on the daily chart: 2,380—2,575—2,770
Support: 1,900—1,990
Resistance: 2,380—2,575—2,770
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This article is time-sensitive and for reference only, real-time updates will be provided.
Focusing on K-line technical research, sharing global investment opportunities. Official account: BTC Trading Gentleman Fususu
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